Perhaps, but it is important to recognize bubbles (malinvestment) and contractions are distinct from investment and expansion. I'm not convinced that recession

Perhaps, but it is important to recognize bubbles (malinvestment) and contractions are distinct from investment and expansion. I'm not convinced that recessions and contractions NEED to happen. I'd bet that they're more common in market based economies but I haven't seen anything that suggests they're critical to equilibriums as we know it.